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The Venture Codex

Hemi Ventures

228 Hamilton Ave, 3rd Floor, Palo Alto, CA, 94301, United States

Overview

Hemi Ventures invests in early stage startups in autonomous vehicles, artificial intelligence applications, biotech, and other emerging technology sectors. We partner with entrepreneurs whose cutting edge innovations unlock new frontiers for human potential. ‘Hemi’ (hēmi-) means ‘half’ in Greek. We serve as a complementary half to our founders. In addition to capital, we help founders establish pivotal relationships with industry partners and customers to build strong ecosystems that help them grow.

Total investments
11
Lead investments
0
Investments · 12mo
0
Active investors
2
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Investment portfolio

  • Smart Radar System

    Participated · Equity · Dec 2020

    Smart Radar System Inc. develops and commercializes 4D image radar technology for applications including autonomous vehicles, defense drones, in-cabin occupant detection, weapon detection, and smart healthcare. The company combines RF antenna design, hardware mechanics, radar signal processing, software/algorithms, and machine-learning/big-data integration to build its product lineup. Founded in 2017 and based in Seong‑Nam City, South Korea, it has attracted global customers and investor interest. Smart Radar System won the Prime Minister's Award at the Radio Broadcasting Technology Awards in 2019 and was selected as a Global ICT Unicorn following its 2020 launch of 4D image radar technology. The company emphasizes a long-term roadmap to invest in product development and expand worldwide. Recently it attracted 11.2 billion KRW (~$10+ million USD) in domestic and international investments, which the company cites as validation of its commercialization potential.

  • X-37

    Participated · Series A · Nov 2019

    X-37 is a pharmaceutical discovery and development company that uses advanced artificial intelligence technology from Atomwise to screen vast libraries of chemical compounds against high-value pharmaceutical targets. It develops novel drug candidates under an LLC structure that permits the sale or partnership of individual development programs. Its pipeline includes programs targeting ZAP-70 for autoimmune disease, PIM3 and SHP2 for cancer, and Factor XIIa for anticoagulation. Led by CEO David Collier, M.D., and a team from Velocity Pharmaceutical Development, X-37 intends to expand the number of drug development programs and advance identified leads through laboratory and preclinical testing. The company closed a $14.5M Series A financing to fund these efforts and aims to begin human clinical trials by 2022.

  • Alcatraz AI

    Participated · Equity · Apr 2019

    Alcatraz develops the Rock™, an AI-driven physical access control solution that authenticates people as they walk past entry points without taking photographs or storing biometric images. The company positions its technology as privacy-first facial authentication (not surveillance), designed to meet GDPR, CCPA, BIPA, and other compliance requirements. Its customers include leading AI data centers, major U.S. airports, energy companies, Fortune 100 enterprises, NFL teams, and top universities. In 2025 the company reported rapid adoption metrics: more than 300% year-over-year growth in data center adoption, 200% growth in new enterprise customers, and a fivefold expansion across Fortune 500 deployments. Alcatraz has raised over $100 million in total capital and plans to use the new funding to expand into new verticals and international markets and to grow its team.

  • Skymind

    Participated · Series A · Mar 2019

    Skymind offers an enterprise AI platform and tools—including its core SKIL framework—that let data scientists build end-to-end workflows from data ingestion and cleaning to model training and production. Its tooling aims to close the gap between data science and IT, with particular focus on text and time-series data for natural-language processing and stream predictions. Skymind is the company behind the Java open-source library Deeplearning4j and is a major contributor to the Python Keras framework. Customers include ServiceNow and Orange, and technology partners include Cisco and SoftBank. The company plans to use its new funding to grow its North American team, accelerate customer acquisition and expand into Asia, leveraging lead investor TransLink Capital's expertise connecting North America and Asia. Financially, Skymind just closed an $11.5M Series A and has now raised a total of $17.9M to date. Skymind develops Deeplearning4j, an open-source deep-learning library for Java, and complementary tools for implementing and deploying models (including the Skymind Intelligence Layer, SKIL). Deeplearning4j remains the core product, aimed at enabling the large population of Java developers to build AI solutions. SKIL is positioned to integrate with existing enterprise tooling like Hadoop and is already used by Orange SA for production deep-learning projects. The company employs 15 people who work remotely across Japan, South Korea and Australia, with a small SoMa headquarters. Skymind’s libraries were downloaded 22,000 times in the last month, growing about 17% month over month. Leadership says it will continue to build tools for data scientists and may add packages to democratize reinforcement learning for businesses.

  • Upfort

    Participated · Equity · Oct 2018

    Upfort provides a combined cyber security and insurance platform that streamlines cyber insurance underwriting and risk management for insurers, brokers, and their clients. Its proprietary technology and intelligent automation include AI-powered email protection, network defense, security training, and ongoing monitoring tuned to prevent incidents that cause widespread financial damage. The platform integrates risk assessment, mitigation, and insurance policies to simplify a historically cumbersome and costly underwriting process. An 18-month study of a leading cyber insurance program found that policyholders who fully implemented Upfort Shield were significantly less likely to file a claim, with an 80% reduction in claim likelihood. The company transitioned from Paladin Cyber to Upfort to reflect expanded capabilities as a one-stop shop for cyber security and insurance. Upfort says the new investment will enable it to build on these efforts and continue its mission of accelerating global cyber resilience. Paladin Cyber offers a suite of proprietary tools and resources for small and mid-sized businesses and government entities to assess and manage cyber exposures. Its product set includes training simulations to identify phishing scams, software to protect against malicious code and hacking, and services such as phishing inbox protection, cross-site-scripting protection, public WiFi protection, a browser content filter, and a password manager. The company also provides qualified resources for cyber education and incident response and ties its software solutions to commercial cyber insurance terms with competitive premiums. Paladin made its comprehensive commercial cyber insurance policy available on an admitted basis in Arizona, with Oregon, Colorado and Nevada to follow later in the year; the policy is underwritten by National Specialty Insurance Company and administered by Boost Insurance and offers limits from $50,000 to $1 million across a range of first- and third-party coverages. Founded in 2017 and led by CEO Han Wang, Paladin plans to use new funding for continued national insurance expansion and further investment in its proprietary security platform. The company raised $3.6M in its latest financing, bringing total funding to $4.5M.

Team